Mortgage & Consumer Lending Services
Available to New Jersey Residents Only
First Mortgage Loans
We offer Fixed and Adjustable Rate first mortgage loans at competitive rates.
- Loans up to $729,000 have a maximum loan to value ratio of 80%.
- Loans from $729,001 to $828,999 have a maximum loan to value ratio of 75%.
- Loans over $829,000 have a maximum loan to value of 70%.
- Maximum Loan: $1,500,000
A minimum down payment of 20% is required for all mortgage loans. Private Mortgage Insurance is not available at this time. Please call for further details.
Application Fees:
Single Family, owner-occupied: $500
2-4 Family, owner-occupied: $650An additional appraisal fee may be charged on any home values exceeding $1,000,000.
Special Mortgage Programs*
“Making Dreams Come True Since 1938”
Haven
Savings Bank offers special loan programs for qualified
borrowers designed to make home ownership more affordable.
First Time Homebuyers
Program
- Open to applicants who have not owned a home in the previous three years
- The
property must be a primary residence located in Bergen, Essex,
Hudson,
Morris, Passaic or Union County
- Rate reduction of .25% from our stated interest rates
-
Borrow up to 90% of the property value for a condo, single
family or 2 family
with private mortgage insurance
- Maximum Debt to Income Ratio is 43%
- Application fee is refunded after closing
Dream to Reality Program
I
- Income cannot exceed 80% of the Median Family Income level if purchasing in Bergen, Hudson, Passaic, Essex, Morris, or Union Counties.
- The
property must be a primary residence located in Bergen, Essex,
Hudson, Passaic
Morris or Union County
- Rate reduction of .125% from our stated interest rates and an additional .125% rate reduction if opening a Haven checking account with automatic loan payment.
-
Borrow up to 90% of the property value for a condo, single
family or 2 family with
private mortgage insurance
- Maximum Debt to Income Ratio is 43%
- Application fee is refunded after closing
Community Outreach Program
-The
property must be a primary residence located in a low-income or
moderate-income
census tract in Bergen, Essex,
Hudson, Morris, Passaic or Union County
- Rate reduction of .125% from our stated interest rates and an additional .125% rate reduction if opening a Haven checking account with automatic loan payment.
- Maximum Debt to Income Ratio is 43%
- Application fee is refunded after closing
*Limited time offer. Programs can change at any time, without notice.
Click here to see our "Loan Rates" page for current rates and terms.
For more information call (201)659-3600 ext. 320 to speak to a residential loan representative.
Home Equity Loans
We offer both fixed rate home equity loans and a variable rate Home Equity Line Plan (H.E.L.P.) on 1 to 4 family owner occupied properties with no application fees and no points.
Our fixed rate home equity loan is available at competitive rates and terms with a maximum loan amount of $150,000.
Our Haven Equity Line Plan (H.E.L.P.) is a variable rate revolving line of credit offering a maximum credit line of $150,000. Interest is charged on the outstanding balance, not the full amount of the credit line. The minimum monthly payment is the greater of $50 or 1/240th of the outstanding balance plus interest.
Maximum loan to value is 70%, 75% if Haven is the first mortgagee.
Click here to see our "Loan Rates" page for current rates and terms.
For more information call (201)659-3600 ext. 320 to speak to a residential loan representative.
